Fed Sticks to 'Patient' Tack on Rate Increases--3rd Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Jon Hilsenrath The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer. Economic activity ...

China PBOC to Inject Net $8.8 Billion This Week

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

SHANGHAI--China's central bank is injecting 55 billion yuan ($8.8 billion) into the banking system this week to meet rising cash demand ahead of the Lunar New Year holiday. The People's Bank of China is offering CNY45 billion of 28-day reverse ...

China Shares Lead Asian Markets Lower

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

Chinese stocks fell the most in Asia on Thursday in response to fresh worries over restrictions on lending by local brokerages, while the rest of the region reacted to expectations that the U.S. Federal Reserve will remain patient in raising ...

Dollar Rises Against Euro on Fed Minutes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By James Ramage The dollar strengthened against the euro on Wednesday after the Federal Reserve's policy-making committee signaled it would keep interest rates near zero at least until June. The Federal Open Market Committee reiterated its pledge to take a ...

GOP Split on Obama Request for More Defense Spending--Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson and Julian E. Barnes WASHINGTON--President Barack Obama will send Congress a fiscal year 2016 budget next week proposing both military and domestic spending at levels surpassing the limits lawmakers agreed to in a hard-fought 2011 deal. After ...

China to Crack Down on E-commerce Fakes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

BEIJING--China's Ministry of Commerce said Thursday it would step up its efforts to prevent the sale of counterfeit goods through the country's burgeoning e-commerce market. "The sale of fake goods at some online stores is rampant," ministry spokesman Shen Danyang ...

GOP Split Over Expected Obama Request for More Defense Outlays

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson And Julian E. Barnes WASHINGTON--When President Barack Obama sends his fiscal year 2016 budget to Congress next week, Republicans are likely to reject much of it as too much government spending. But the party is torn over ...

India's Central Bank Will Likely Leave Rates Steady, Economists Say

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Gabriele Parussini MUMBAI--Reserve Bank of India Governor Raghuram Rajan will likely leave lending rates unchanged at Tuesday's policy meeting, economists say, after a surprise cut earlier this month that caught markets off guard. As Mr. Rajan prepares for his ...

Qualcomm Shows Unexpected Growth but Still Cuts Outlook -- Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Don Clark And Tess Stynes Qualcomm Inc. showed surprising growth in its latest quarter, but lowered its sales targets to reflect shifting fortunes among smartphone makers and stiffer competition in China. The San Diego-based chip maker benefited in its ...

RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Asian Shares Mostly Lower

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...

French Consumer Confidence Stable in January

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Ruth Bender PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still ...

MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain As Apple Jumps 9%

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Boeing, U.S. Steel rise on earnings beat NEW YORK (MarketWatch) --Nasdaq futures rose sharply on Wednesday, as Apple Inc. shares surged in the wake of the iPhone maker's blowout earnings. Other stock futures ...

China Economic Growth Close to Low Point, Says Former PBOC Adviser

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Mark Magnier BEIJING--Annual economic growth of 7.0% is a "reasonable target" for China this year, a former adviser to the central bank said, adding that he expects the nation's daily foreign-exchange band to be widened when conditions are right. ...

Swiss to Compensate Workers Hurt by Franc Strength

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Neil MacLucas ZURICH--The Swiss government said it will compensate employees forced to work fewer hours at companies hit by the sharp appreciation of the Swiss franc, marking the first domestic political action aimed at cushioning the impact of recent ...

Greek Minister Says Negotiations With Creditors Won't Be Easy

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

ATHENS--Greece's new finance minister, Yanis Varoufakis said he will meet the head of a group of eurozone finance ministers in Athens Friday and warned negotiations with creditors over the country's debt burden "will not be easy." The president of the ...

TE Connectivity to Sell Broadband Network Unit to CommScope

TODAY: Jan. 29, 2015 PUB DATE: Jan. 28, 2015

By Tess Stynes TE Connectivity Ltd. agreed to sell most of its business that makes equipment for telecommunications and data networks to CommScope Holding Co. for about $3 billion. The business for sale, known as network solutions, is one of ...